The Kentucky Chapter 13 Plan is a court-approved repayment plan for individuals with regular income who are unable to pay debts in full. It is administered by the United States Bankruptcy Court in the District of Kentucky. This type of bankruptcy allows individuals to reduce or eliminate certain debts, while reorganizing their finances and allowing them to make payments to creditors over a three- to five-year period. The three types of Kentucky Chapter 13 Plans are the traditional plan, the alternative plan, and the hardship plan. The traditional plan is the most commonly used and requires individuals to repay all of their debts in full, or at least as much as they can afford. The alternative plan offers lower payments over a longer period of time, while the hardship plan is designed for individuals who cannot afford to make any payments. To be eligible for a Kentucky Chapter 13 Plan, individuals must have a regular income and have unsecured debts that do not exceed specific limits set by the court. Additionally, they must prove that they can make regular payments to their creditors. Once a plan is approved by the court, creditors must comply with the terms of the plan and individuals must make all required payments on time.